Market penetration of Indian biosimilar drugs in domestic and international markets is an issue of concern. India leads in pharmaceutical exports but lags in biosimilars. Industry insiders say, Indian market has a huge scope for biosimilars but issues with the development, manufacturing, registration, and more pose threats to it. Chitta Ranjan Padhi, engineer at Dr. Reddy’s […]
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Several companies are getting listed on national stock markets and 2021 has seen the highest number of IPOs in a decade. The Initial Public Offerings (IPO) fever and bullish run of the Indian stock markets have resulted in 74 IPOs in 2021, which is the highest number of IPOs in a single year, in more […]
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The Karnataka government is actively engaged in encouraging wine culture in the state. Programme called WEAT organised to increase wine culture annually. Bengaluru; Business for Indian wineries is booming, while imported wines face heavy cess. Data from the Ministry of Commerce and Trade shows a decline in wine imports since 2019. Data from Karnataka State […]
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NIFTY index of Small and Marginal Enterprises (SMEs) outperform NIFTY index of top 50 companies Small and Marginal enterprises (SMEs) make a comeback after the pandemic with 43 percent growth in six months, performing better than big capital companies. Small companies believe that their flexible structure is the reason behind their good comeback after […]
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Consumers find products at artisan bazaars to be highly-priced. Artisans in the Artisan Bazaar who come from outside Karnataka spend a lot of money on living costs and transport, thereby losing out on profits. A stall owner from Rajasthan at the bazaar, Rajini Sripathy said, “My profits have fallen by 50 percent vand the profits […]
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NFRA issued a consultation paper on exemption of audit of small companies in September 2021. Seven Chartered Accountant’s (CA) associations have said that the National Financial Reporting Authority (NFRA) does not have the power to issue the consultation paper which it did on the statutory audit of Micro, Small and Medium Companies (MSMCs). The associations […]
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Kadlekai Parishe expects heavy footfall and better business. Groundnut vendors at the Kadlekai Parishe hope to put the bad weather and Covid behind them with better profits this year. The parishe is being held after a gap of one year. Madayya, a groundnut vendor said that this year the produce has reduced due to heavy and […]
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Post pandemic proved to be a blooming period for nail salons. Nail salon owners say they are seeing an unprecedented rise in sales now, compared to the pre-pandemic period. Darshana Patil, the owner of Elan Nail Studio of Bangalore said while they were forced to shut down in the pandemic, they kept in touch with […]
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Private players, policies, eat up market share. The farmer produce procured by Horticultural Producers’ Co-operative Marketing and Processing Society Ltd.(HOPCOMS) has declined from 60 tonnes a day to 40 tonnes a day in the last three to four years. Jayaprakash, Marketing Head of HOPCOMS said that out of 270 outlets in the city, only 100 […]
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Banks are filled with Rs 10 coins as customers want to exchange them for notes. Bengaluru: Bankers say that Rs. 10 coins do not get circulated because many traders and other commercial establishments do not accept them. This is despite ample minting and distribution of the coins. The Security Printing and Minting Corporation of India(SPMCIL) […]
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